Can I retire at age 45 with 609,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $609,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$50,291$49,843$49,406$48,979$48,563$48,277
2 years$24,896$24,433$23,983$23,548$23,125$22,837
3 years$16,433$15,967$15,519$15,087$14,671$14,389
4 years$12,202$11,737$11,294$10,869$10,464$10,190
5 years$9,664$9,202$8,764$8,349$7,954$7,690
6 years$7,972$7,514$7,083$6,677$6,294$6,040
7 years$6,765$6,311$5,886$5,489$5,119$4,874
8 years$5,859$5,409$4,992$4,605$4,247$4,012
9 years$5,156$4,710$4,299$3,922$3,576$3,351
10 years$4,593$4,151$3,748$3,381$3,047$2,832
11 years$4,133$3,696$3,300$2,942$2,621$2,415
12 years$3,750$3,317$2,929$2,581$2,271$2,075
13 years$3,426$2,998$2,617$2,279$1,980$1,793
14 years$3,148$2,725$2,351$2,023$1,736$1,558
15 years$2,908$2,489$2,123$1,804$1,528$1,359
16 years$2,698$2,284$1,924$1,615$1,351$1,190
17 years$2,513$2,103$1,751$1,451$1,198$1,045
18 years$2,349$1,944$1,599$1,308$1,065$920
19 years$2,202$1,801$1,463$1,182$949$812
20 years$2,070$1,674$1,343$1,070$848$718
21 years$1,951$1,559$1,235$971$759$636
22 years$1,842$1,455$1,139$883$680$564
23 years$1,743$1,361$1,051$804$611$501
24 years$1,653$1,275$972$734$549$446
25 years$1,570$1,197$901$670$494$397
26 years$1,494$1,125$835$613$445$354
27 years$1,423$1,059$776$561$401$315
28 years$1,357$998$721$514$362$282
29 years$1,296$941$671$471$327$251
30 years$1,240$889$625$432$295$225
31 years$1,187$840$583$397$267$201
32 years$1,137$795$544$365$241$180
33 years$1,091$753$508$336$219$161
34 years$1,047$713$474$309$198$144
35 years$1,006$677$443$284$179$129
36 years$967$642$415$262$162$115
37 years$931$610$388$241$147$103
38 years$896$580$364$222$133$93
39 years$864$551$341$205$121$83
40 years$833$525$319$189$110$74
41 years$803$499$299$174$100$67
42 years$775$476$281$161$90$60
43 years$749$453$263$149$82$54
44 years$724$432$247$137$74$48
45 years$700$412$232$127$68$43
46 years$677$393$218$117$61$39
47 years$655$375$205$108$56$35
48 years$634$358$193$100$51$31
49 years$614$342$181$92$46$28
50 years$595$326$170$85$42$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $609,000, adding $4,628 every year, while hoping to spend $37,518 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 63/25/12 Blend
44$609,000$609,000$609,000$609,000
45$675,892$643,615$634,175$716,299
46$704,914$635,233$615,501$735,533
47$735,639$625,183$594,944$751,780
48$768,201$613,344$572,402$768,590
49$802,746$599,586$547,766$786,018
50$839,435$583,775$520,925$804,125
51$878,442$565,765$491,761$822,981
52$919,960$545,404$460,151$842,664
53$964,198$522,531$425,969$863,261
54$1,011,386$496,975$389,078$884,870
55$1,061,776$468,555$349,341$907,602
56$1,115,643$437,080$306,610$931,580
57$1,173,290$402,348$260,732$956,942
58$1,235,048$364,146$211,550$983,842
59$1,301,281$322,247$158,895$1,012,454
60$1,372,388$276,414$102,594$1,042,970
61$1,448,807$226,393$42,466$1,075,606
62$1,531,018$171,920$0$1,110,602
63$1,619,549$112,711$0$1,151,005
64$1,714,980$48,471$0$1,200,320
65$1,817,948$0$0$1,253,462
66$1,929,151$0$0$1,316,638
67$2,049,359$0$0$1,399,379
68$2,179,417$0$0$1,488,936
69$2,320,253$0$0$1,585,951
70$2,472,887$0$0$1,691,135
71$2,638,444$0$0$1,805,265
72$2,818,157$0$0$1,929,198
73$3,013,384$0$0$2,063,875
74$3,225,619$0$0$2,210,333
75$3,456,506$0$0$2,369,713
76$3,707,852$0$0$2,543,267
77$3,981,648$0$0$2,732,378
78$4,280,081$0$0$2,938,563
79$4,605,562$0$0$3,163,494
80$4,960,744$0$0$3,409,012
81$5,348,544$0$0$3,677,143
82$5,772,177$0$0$3,970,116
83$6,235,179$0$0$4,290,386
84$6,741,447$0$0$4,640,656
85$7,295,268$0$0$5,023,903
86$7,901,364$0$0$5,443,402
87$8,564,933$0$0$5,902,763
88$9,291,702$0$0$6,405,958
89$10,087,976$0$0$6,957,365
90$10,960,698$0$0$7,561,802
91$11,917,516$0$0$8,224,577
92$12,966,852$0$0$8,951,537
93$14,117,984$0$0$9,749,121
94$15,381,129$0$0$10,624,420
95$16,767,543$0$0$11,585,248
96$18,289,623$0$0$12,640,211
97$19,961,028$0$0$13,798,787
98$21,796,800$0$0$15,071,421
99$23,813,513$0$0$16,469,615
100$26,029,424$0$0$18,006,045